Should You Buy Inotiv Inc (NOTV) Stock on Monday?

Overall market sentiment has been high on Inotiv Inc (NOTV) stock lately. NOTV receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Inotiv Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NOTV!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With NOTV Stock Today?

Inotiv Inc (NOTV) stock is trading at $2.49 as of 1:40 PM on Monday, Nov 27, a drop of -$0.36, or -12.5% from the previous closing price of $2.84. The stock has traded between $2.41 and $2.87 so far today. Volume today is less active than usual. So far 136,567 shares have traded compared to average volume of 194,505 shares.

More About Inotiv Inc

Inotiv Inc is a pharmaceutical development company specializing in nonclinical and analytical drug discovery and development services to the pharmaceutical, chemical, and medical device industries, and sells analytical instruments to the pharmaceutical development and contract research industries. It operates in two principal segments - Research services and Research products. Click Here to get the full Stock Report for Inotiv Inc stock.